Month: February 2019

MEXICAN GOLD CORP. announces that further to its press release of February 15, 2019, it has withdrawn its application to the TSX Venture Exchange to extend the expiry date of outstanding warrants exercisable to purchase an aggregate of 8,423,068 common shares of Mexican Gold originally issued in connection with the non-brokered private placement of 12,333,333 units, with each Unit being comprised of one common share of the Company and one transferable common share purchase warrant. The Private Placement was first announced on February 13, 2017. Mexican Gold had requested that the TSX Venture Exchange extend the expiry date of the warrants to September 3, 2019.

Coeur Mining, Inc. today announced fourth quarter 2018 production of 3.5 million ounces of silver, 99,460 ounces of gold, 3.1 million pounds of zinc and 1.7 million pounds of lead, or 9.8 million silver equivalent ounces (12.2 million ounces based on average spot prices during the fourth quarter). Silver and gold production during the fourth quarter increased 19% and 12%, respectively, compared to the prior quarter. Strong results were driven by increased production from Palmarejo and Rochester as well as significantly higher production from Kensington.

Pete Dougherty, President and CEO stated: “We challenged ourselves early in 2017 to achieve an approximate 65% production growth target between 2017 and 2019. With our record fourth quarter in 2018 leading to a record year for the Company in terms of production, we are well on our way to achieving this objective. During 2018, we surpassed the significant milestone of over one million GEOs produced since Argonaut’s founding, a testament to our commitment to health and safety, our people, our communities and our environment. There are two items that highlight that we are conducting our business the right way: one, we received the Environmentally and Socially Responsible Company designation in Mexico for the seventh consecutive year; and two, we had our best annual safety performance in the Company’s history.

Total Mulatos District Mineral Reserves (including La Yaqui Grande and Cerro Pelon) decreased 170,000 ounces to 1.7 million ounces grading 1.16 g/t Au with mining depletion partially offset by higher grade additions at Cerro Pelon.

This represents the Company’s 10th consecutive year of paying a dividend during which time the Company has returned $142 million to shareholders through dividends and share buybacks. The dividend increase is aligned with the Company’s long-term commitment to returning capital to shareholders and is supported by recent higher gold prices and the Company’s expectation for significant free cash flow growth in 2020 and beyond.

Aztec CEO Joey Wilkins commented, “We are pleased to welcome David and Marc to the Advisory Committee and we look forward to working with them on both our flagship Cervantes porphyry gold (copper) project in Sonora, Mexico and our up-and-coming Tombstone CRD gold-silver-lead-zinc-copper project in Arizona. Marc brings the added dimension of having directed Grayd Resources as CEO through their discovery of the La India gold deposit and consequent sale of Grayd to Agnico-Eagle. David is well-known for his significant contributions to the discovery and development of world class skarn related gold deposits in the Guerrero, Mexico gold belt.”